Wednesday, July 13, 2011

CNBC: Will Congress allow US default to get a deal?

QUOTE: “Each party’s base appears unwilling to accept capitulation, raising the incentives for brinkmanship," he said. "It appears increasingly likely that neither side will be willing to concede ground until it is unavoidably clear that a crisis is imminent.”

Looks like it's becoming more and more likely this will go down to the wire. Part of me says, let it default to show what an unsustainable path we are on. The other side of me thinks "This is relatively uncharted waters. Can we take that chance?"
Stay tuned, folks. We'll know in a couple of weeks regardless.